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SpaceX hot-fires Falcon 9 with Crew Dragon aboard prior to first orbital launch
SpaceX has completed a hot-fire test of Falcon 9 B1051 at Pad 39A, hopefully demonstrating that the company’s first human-rated rocket is ready to support the orbital launch debut of its Crew Dragon spacecraft.
Given NASA’s uniquely conservative tendencies, it’s hard to extrapolate from SpaceX’s well-worn launch operations. Nevertheless, if the data from this static fire show a healthy spacecraft and rocket, SpaceX will likely be well on their way to the first (uncrewed) orbital launch of Crew Dragon, currently expected no earlier than (NET) the second half of February.
TEST FIRE of #SpaceX Falcon 9 and Crew Dragon at 1600 ET / 2100 UTC! Appeared to go well. pic.twitter.com/a66CnBv7fU
— Emre Kelly (@EmreKelly) January 24, 2019
In an intriguing sign that Crew Dragon was fully fueled and ready to abort at any second, SpaceX Dragon recovery vessel GO Searcher was stationed in the Atlantic Ocean just a few miles East of Falcon 9’s static fire attempt at Pad 39A. In other words, if Falcon 9 were to have experienced a potentially catastrophic anomaly during propellant loading or Merlin 1D ignition, Crew Dragon would have likely ignited its 8 Super Draco abort thrusters to rapidly accelerate away from the rocket, theoretically saving itself (and any astronauts aboard). GO Searcher would have then quickly recovered the forlorn spacecraft after it deployed its parachutes and landed in the ocean, essentially a replay of the Pad Abort test SpaceX engineers and technicians completed in 2015.
Designed with the sole intention of ensuring that Crew Dragon is capable of safely aborting an anomalous launch and carrying astronauts to safety at almost any point between ignition and orbit, that same launch abort system (LAS) also offers the option for Crew Dragon to escape a potentially damaging situation even without a crew aboard. In the latter case, Crew Dragon’s hardware would be preserved for potential refurbishment and reuse, likely saving SpaceX and NASA tens of millions of dollars (if not $100M+) and cutting months off of the inevitable delays that would follow. Crew Dragon’s integrated LAS – meaning that the spacecraft brings it wherever it goes – is completely unique in the history of crewed spaceflight and ultimately offers unbeatable protection for any astronauts or passengers entrusted to it.
Thanks in large part to undoubtedly disruptive NASA demands that may well be far more conservative than necessary, SpaceX extensively re-engineered Falcon 9 for ease of manufacturing and extreme reliability, both of which go hand in hand. Among dozens of minor to major changes, M1D and MVac engines were modified to mitigate minor problems with turbopump blades fracturing, overall avionics redundancy was upgraded, and Falcon’s ultra-high-pressure helium storage tanks (COPVs) were drastically redesigned.
These upgrades were ultimately integrated into the iteration known as Block 5. According to SpaceX’s updated Falcon 9 and Heavy payload user guide, “[aside from the payload interface], all first- and second-stage vehicle systems are the same [for Dragon and satellite launches], indicating that the same exact rocket is produced for any given single-stick Falcon 9 launch. This means that all SpaceX customers, US government or not, benefit directly from the reliability demanded by NASA and the US military for crewed and uncrewed launches. It also means that SpaceX’s production system remains exceptionally simple, as just a single upper stage and booster variation is needed for the vast majority of the company’s launches. Falcon Heavy requires a unique center core booster and nosecones but is otherwise unchanged from Falcon 9.
According to Russian media, SpaceX is now targeting Crew Dragon’s launch debut NET February 16th. Liftoff will occur around 8am EDT (13:00 UTC) if that timeframe holds.
The Russians are claiming NET 16th, but again – don’t go booking any flights. That may not stick.
PS This is not unexpected. Lots of first time (unique mission) reviews, ISS in play, etc. etc. It’ll be mostly paperwork related.
— Chris B – NSF (@NASASpaceflight) January 21, 2019
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
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Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.
SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.
More price target movement:
🚀 Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
🚀 Barclays raised its target to $300 from $254 (Overweight).
🚀 Citi increased its target to $240 from $200 (Buy),
🚀 UBS moved to $230 from $210 (Buy)
🚀TD Cowen raised its target to $224 from $200 (Buy).
🚀Morgan Stanley held an Overweight rating with a $300 target.
🚀Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.— TESLARATI (@Teslarati) October 21, 2026
Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.
The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.
Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.
These elements prompted a wave of price-target increases:
- JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
- Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
- Barclays raised its target to $300 from $254 (Overweight).
- Citi increased its target to $240 from $200 (Buy),
- UBS moved to $230 from $210 (Buy), and
- TD Cowen raised its target to $224 from $200 (Buy).
- Morgan Stanley held an Overweight rating with a $300 target.
- Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.
Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.
The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.
Tesla reports Q3 Earnings today: here’s what to expect
SpaceX confirms Starship 15 launch window with massive ambitions
